AXA Property Trust Ltd - Disposal
December 07 2016 - 5:00AM
PR Newswire (US)
6 December
2016
AXA Property Trust Limited
Update on Asset
Disposals
The Board of AXA Property Trust Limited is pleased to announce
that the Company has entered into a binding contract for the sale
of the property at Rothenberg, Germany. The contracted sales price is €22.02
million reflecting a discount of 1.7% below the asset’s independent
valuation as at 30 September 2016.
Completion is expected at the end of January
2017. Following the receipt of funds net sales proceeds,
together with surplus cash reserves, will be returned to
shareholders as soon as practicable.
Following the sale of Rothenberg, the Company’s last remaining
asset will be the UCI Multiplex in Curno, Italy. Further updates on the disposal of this
asset will be provided in due course.
All Enquiries:
Investment Manager
AXA Investment Managers UK Limited
Broker Services
7 Newgate Street
London EC1A 7NX
Tel: +44 (0)20 7003 2345
Email: broker.services@axa-im.com
Corporate Broker
Stifel Nicolaus Europe Limited
150 Cheapside
London EC2V 6ET
Tel: +44 (0)20 7710 7600
Company Secretary
Northern Trust International Fund Administration Services
(Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
GY1 3QL
Tel: +44 (0)1481 745324
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